Press release
Neurodegenerative Disease Treatment Market Size and Forecast 2025 - Current Trends, Opportunities, Challenges
Neurodegenerative disease is a group of diseases or conditions that affect the neurons in the human brain. Inability of neurons to reproduce themselves contributes to the progression of neurodegenerative diseases. Hence, death of neurons indicates permanent loss which cannot be replaced. Neurodegenerative diseases include Alzheimer’s, Parkinson’s, and Huntington’s. These diseases are also considered to be genetic. For instance, research studies indicate that over 5% of Alzheimer’s disease is caused by transfer of dominant genes in families. Similarly, Huntington’s disease follows an autosomal dominant pattern of inheritance. However, the exact cause of these diseases is still unclear.
Dementia represents the initial stage of neurodegenerative diseases. Alzheimer’s accounts for over 65% of the dementia cases globally. According to the National Institute of Environmental Health Sciences, Alzheimer’s and Parkinson’s are the common types of neurodegenerative diseases. Over five million people are affected by Alzheimer’s and more than 500,000 people are affected by Parkinson’s in the U.S. Rise in prevalence of these diseases, increase in geriatric population, focus on research & development of novel treatment methods, and strong pipeline are anticipated to contribute to the growth of the market. Additionally, growing focus on the development of stem cell technologies for the treatment of the neurodegenerative disorders is expected to drive the market. However, continuous progression of the diseases, high cost of treatment, complexity of these diseases, lack of knowledge about the cost of the diseases, and low disposable income in certain regions are projected to hamper the growth of the market.
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The neurodegenerative disease treatment market can be segmented based on treatment type, indication, and region. Based on treatment type, the market can be bifurcated into drug class and stem cell therapy. The drug class segment can be sub-segmented into dopaminergic compounds, cholinesterase inhibitors, antipsychotic drugs, non-steroidal anti-inflammatory drugs, selective serotonin reuptake inhibitors (SSRIs), and others. In terms of indication, the market can be segmented into Alzheimer’s disease, Parkinson’s disease, Huntington’s disease, amyotrophic lateral sclerosis, and others. Alzheimer’s disease is anticipated to be the dominant segment during the forecast period owing to increasing prevalence of the disease.
Geographically, the neurodegenerative disease treatment market can be segmented into five regions: North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America was the dominant market in terms of revenues in 2016. It is anticipated to continue its dominance during the forecast period. Growth of the market in the region can be attributed to well-established health care infrastructure in the region, growing awareness among the people about the available treatment modes, and strong focus on research & development of novel therapies to treat neurodegenerative diseases. Europe is anticipated to be the second largest market in terms of revenue and grow at slow rate in the forecast period. Slow growth in the region can be attributed to its sluggish economic recovery. The market in Asia Pacific is anticipated to expand at a significantly high CAGR during the forecast period driven by India and China. Growth in these countries can be attributed to the rise in the geriatric population that would expanding the patient pool and government focus on improving health care facilities.
Leading players in the neurodegenerative disease treatment market include Bayer AG, Biogen, GlaxoSmithKline plc, Boehringer Ingelheim, Pfizer, Inc., Sanofi S.A., Merck KGaA, Novartis AG, Teva Pharmaceutical Industries Ltd., and QR Pharma, Inc., among others.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
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The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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